News Centre

CFTC Charges Robert S. Moss Of North Carolina With Commodity Pool Fraud And Misappropriation - Moss Ordered To Pay More Than $2 Million To Settle CFTC Anti-Fraud Action

Date 13/07/2011

The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges that Robert S. Moss, of Charlotte, N.C., fraudulently solicited more than $3 million from 22 individuals to trade options on commodity futures through a commodity pool. Moss has never been registered with the CFTC.

Remarks by Assistant Secretary Mary Miller at a SIFMA Regulatory Reform Summit

Date 13/07/2011

Thank you, it is a real pleasure to be here today.  I want to thank SIFMA for including me in this program.

In my role covering financial markets at the Treasury, there are many things we could talk about today.  Front and center in the news and in much of my ongoing work is the debt limit and ongoing deficit negotiations in Washington.  I hope to have a chance to answer a few questions about those issues at the end of this speech, but I would like to first focus on financial regulatory reform. 

CFTC To Hold Open Meeting To Consider Four Final Rule Proposals And One Proposed Rule Under The Dodd-Frank Act

Date 13/07/2011

The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Tuesday, July 19, 2011, at 9:30 a.m. to consider four final rules and one proposed rule under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

SIFMA President and CEO Tim Ryan's Remarks as Prepared for SIFMA’s Regulatory Reform Summit: Dodd-Frank Impact Analysis

Date 13/07/2011

Click here to download SIFMA President and CEO Tim Ryan's remarks as prepared for SIFMA’s Regulatory Reform Summit: Dodd-Frank Impact Analysis.

CFTC Obtains Default Judgment And Permanent Injunction Against Florida Resident David L. Ortiz And His Companies For Defrauding Customers In Off-Exchange Foreign Currency Scam - Court Orders Defendants To Pay More Than $1 Million In Sanctions And Customer Restitution And Permanently Bars Them From The Commodities Industry

Date 13/07/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge K. Michael Moore of the U.S. District Court for the Southern District of Florida entered an order of default judgment and permanent injunction against David L. Ortiz of Vero Beach, Fla., and his companies, Goyep International, Inc. (Goyep) of Vero Beach, Fla., and Royal Returns, Inc. of Hollywood, Fla. The order stems from a CFTC enforcement action filed on February 23, 2011 that charged the defendants with defrauding customers in an off-exchange foreign currency (forex) scam and with misappropriating customer funds (see CFTC New Release 5992-11).

SEC Charges Armor Holdings, Inc. With FCPA Violations In Connection With Sales To The United Nations

Date 13/07/2011

The Securities and Exchange Commission charged Armor Holdings, Inc. with violating the Foreign Corrupt Practices Act (FCPA) by participating in a bribery scheme from 2001 through 2006 to obtain contracts to supply body armor for use in United Nations (U.N.) peacekeeping missions. The SEC also charged Armor Holdings, a Florida-based manufacturer of military and law enforcement safety equipment, with failing to properly account for more than $4 million in commissions from 2001 through 2007 in violation of the books and records and internal controls provisions of the federal securities laws.

Natural Gas Exchange Continues U.S. Expansion By Adding Two New Hubs

Date 13/07/2011

Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that it successfully initiated physical clearing at two new hubs in the U.S. market earlier this week.

BM&FBOVESPA Announces Market Makers For Options On The Stocks Of OGX And Itaú Unibanco

Date 13/07/2011

BM&FBOVESPA announced on Tuesday the winning institutions in the first selection process for market makers for options on stocks. The market maker obligation shall last twelve (12) months as of September 12, 2011.

LME Cobalt And Molybdenum Surpass 10,500 Lots Traded

Date 13/07/2011

• Notional $542 million traded since launch
• New reference point for industry established

Emissions Trading: Member States Agree To Auction 120 Million Phase 3 Allowances In 2012

Date 13/07/2011

EU Member States today agreed to the European Commission's proposal to auction 120 million emission allowances for phase 3 of the Emissions Trading System in 2012, the year before phase 3 starts.